While analysts have questioned whether consumers might tire of Gucci’s distinct look, the brand's 49% jump in Q1 sales indicates otherwise. Still, comparisons against its stellar performance in 2017 are growing tougher.
French luxury conglomerate Kering scored a striking 27.1 percent growth in first quarter revenues, led by Gucci's near 40% explosion in sales. Problem child Bottega Veneta, however, suffered a further fall in revenues.
The booming fashion industry is medieval in its approach to manufacturing and needs to modernise in order to radically cut the damage it is doing to the environment, British designer Stella McCartney has said.
Stella McCartney is continuing her work to promote environmental awareness and has linked with The RealReal luxury consignment firm for a campaign “to bring greater awareness to the circular economy for luxury fashion.”
Victoria Beckham gave a sneak peek into her limited edition collection in conjunction with Reebok at an event in LA late last week, alongside Reebok brand ambassador Shaquille O’Neal, who she says inspired her designs.